Question

Per capita income is a measure of average income, and as such, it does not reveal the level of education or health in a country. A country with high per capita income but poor health outcomes would show that per capita income is a flawed measure of which of the following?

• A. Economic stability
• B. Industrial output
• C. Technological advancement
• D. Social welfare

Answer 1

Answer:

D. Social welfare

• The scenario highlights that per capita income does not capture the social well-being or welfare of the population, which includes factors like health and education.